Consumer price index weakens
Thailand's consumer price index in February weakened slightly from the previous month, despite continued hikes in fuel and food prices.
According to the Commerce Ministry, the CPI rose up 3.35 per cent year on year last month. This pushed inflation in the first two months up by 3.36 per cent.
Yanyong Phuangrach, permanent secretary for commerce, said that inflation is likely to grow consistently due to the expected increases in fuel prices in the following months.
However, he is convinced that inflation should be under control, as the government is putting in place stringent rules to control increases in goods prices.
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